CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Residential mortgage investments ($12.25 and $12.98 billion pledged at September 30, 2018 and December 31, 2017, respectively)	$ 12,681,791	$ 13,454,098
Cash collateral receivable from interest rate swap counterparties	26,293	42,506
Cash and cash equivalents	31,725	103,907
Receivables and other assets	152,216	132,938
Total assets	12,892,025	13,733,449
Liabilities
Secured borrowings	11,619,966	12,331,060
Interest rate swap agreements at fair value	13,012	23,772
Unsecured borrowings	98,266	98,191
Common stock dividend payable	10,365	18,487
Accounts payable and accrued expenses	29,323	23,063
Total liabilities	11,770,932	12,494,573
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 10,329 shares issued and outstanding ($258,226 aggregate liquidation preference) at September 30, 2018 and December 31, 2017	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 91,068 and 95,698 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	911	957
Paid-in capital	1,220,415	1,271,425
Accumulated deficit	(346,570)	(346,570)
Accumulated other comprehensive (loss) income	(4,609)	62,118
Total stockholders' equity	1,121,093	1,238,876
Total liabilities and equity	$ 12,892,025	$ 13,733,449